"Greed Over People" by Dennis S. at Politicususa

[applegrove]

Greed Over People

by Dennis S. at Politicususa

http://www.politicususa.com/republicans-twist-capitalism-democracy-killer.html

"SNIP..................................................


I’ve got some numbers of my own. The richest 400 Americans own more than the bottom 150 million U.S. residents and that top 1%, the Occupy movement brought into prominence, possesses more wealth than the bottom 90%. The right-wing would call Alterman’s numbers and my numbers Class Warfare. It’s not class warfare. It’s simply the opposite of responsible capitalism that was never intended to exclude virtually the entire population. There’s a name for it, Greed. And it shows no signs of abating. Corporate-owned media propagandist keep regurgitating ‘free markets’ 24/7 and yet with monopolies, deregulation and the purchase of the electorate, markets are total antithesis of ‘free’.

One thing the Tea Party crowd must know, but seems incapable of comprehending, is that most of the 1% modern day money is accumulated through doing no work at all. NONE! It comes from investments. A 1 percenter buys 1,000 or 10,000 shares of a stock for $40 a share; the stock appreciates to $75 a share. The holder sells the stock for a profit. He or she has done NO work; has created NO jobs. Nor will he or she investor EVER work for that money or create jobs. As a single entity, they buy the stock, sell the stock and deposit the money in their account and will probably pay little or no taxes.

The republican power elite is now working day and night to see to it that those capital gains and dividends where applicable are not taxed. So you have a class of people who can make enormous money and will give none of it to the U.S. Treasury. Do you get more patriotic than that? And if faced with the annoyance of paying any taxes on these ‘no work’ bank account fatteners, the 1% will Romney the money to some mysterious little country or island. And/or they’ll have their compliant CPA’s move the money around under dummy corporate names so the IRS can never track it for tax purposes.

Profits earned in the U.S. are rerouted to a low tax destination. Often to a single empty office address in an obscure Caribbean island . Ah, the beauties of globalization. And the goobers cheer at the top of their lungs while their jobs and wages disappear.


.....................................................SNIP"